Avangrid Awarded 791 Megawatts In Massachusetts Offshore Wind Project; New England Wind 1 To Power 400K Homes, Cut Emissions Equal To 300K Cars, And Create 4,400 Jobs; Construction Expected In 2025 With Full Operation By 2029
Portfolio Pulse from Benzinga Newsdesk
Avangrid has been awarded a 791 MW offshore wind project in Massachusetts, expected to power 400,000 homes, reduce emissions equivalent to 300,000 cars, and create 4,400 jobs. Construction is set for 2025, with full operation by 2029.
September 06, 2024 | 6:25 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Avangrid has been awarded a significant offshore wind project in Massachusetts, which will enhance its renewable energy portfolio and potentially increase future revenues.
The award of a 791 MW offshore wind project is a major development for Avangrid, likely to enhance its position in the renewable energy sector. This project will contribute to future revenue growth and aligns with global trends towards sustainable energy solutions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100